8531 Lincoln HwyFrankfort, IL 60423

For Sale
$199,000

3.4-Acre Lot, B-2 Zoning, $199,000

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 3.4-acre commercial lot is ideally situated at 8531-51 W. Lincoln Highway in Frankfort, Illinois, zip code 60423, within Will County. Currently zoned B-2 PUD (Planned Unit Development), this property presents a remarkable opportunity for a variety of commercial ventures. The B-2 zoning permits a wide range of uses, including retail establishments, restaurants, office spaces, and other permitted PUD developments. The location offers excellent visibility and accessibility, situated on a corner lot. A significant advantage is the planned development of a new senior housing community directly across the street, promising increased foot traffic and a strong potential customer base. This presents a unique opportunity for businesses catering to the senior demographic or those seeking a location with high visibility and a growing community. The expansive lot size allows for substantial building plans, potentially accommodating larger-scale projects such as a big-box store, hotel, or medical office complex. The asking price for this prime commercial land is $199,000. Don't miss this chance to secure a highly desirable location in a thriving area. The property's coordinates are 41.5064247 latitude and -87.8245282 longitude.

Highlights

  • 3.4-acre parcel available (East Side of Windy Hill).
  • B-2 PUD zoning (Community Business District).
  • Permitted uses include retail, restaurants, offices, and planned unit developments (PUDs).
  • Development potential includes senior housing, hotel, large-format retail, or medical facilities.

Property Details for 8531 Lincoln Hwy

Property type
Other land, Land
Lot Size (sq. ft)
148,104 SF

Location Insight

City
Frankfort
County
Will
State
Illinois
Latitude
41.5064247
Longitude
-87.8245282
8531 Lincoln Hwy, Frankfort, Illinois

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8531 Lincoln Hwy
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